Minnesota Becomes First State To Ban Prediction Markets

An anonymous reader quotes a report from NPR: Minnesota Gov. Tim Walz has signed the nation's first law banning prediction market sites from operating in the state, and in response, the Trump administration has sued, teeing up a legal battle over the most far-reaching crackdown on popular services like Kalshi and Polymarket. It comes as states confront a growing standoff with the Trump administration over how to regulate the industry, which allows people to bet on virtually anything.